CDS Seizes TPM Market Opportunities with New CEO Steeped in Managed Services
EATONTOWN, N.J.– (BUSINESS WIRE) — CDS (Computer Data Source), a leading specialist provider of data center third-party maintenance (TPM) and high-end data storage for enterprises, named experienced IT industry executive Dan Newton as its new Chief Executive Officer.
With over 15 years of managed services and enterprise technology experience, Newton has delivered leading-edge IT solutions to some of the most recognized brands in the world. As CEO, Newton will focus on growing and diversifying CDS’ service offerings and customer base and fostering best-in-breed partnerships. His appointment as CEO follows New State Capital Partners acquiring a majority stake in CDS this past August.
“There is a tremendous amount of growth opportunity in the third-party maintenance services market as IT lifecycle management becomes a top-line priority for businesses,” said Steve Larned, Senior Principal of New State Capital Partners. “Dan’s experience working with SMB’s to Fortune 100 businesses and his understanding of the entire data center ecosystem – from servers to storage, networking, and software and cloud strategies – directly answers the needs of our customers. His experience and leadership will help guide CDS into its next phase of delivering solutions that help enterprises optimize their infrastructure and get the most value out of their data center.”
Newton joins CDS from HiveIO, a developer of intelligent virtualization technology, where he served as CEO. Prior to HiveIO, Newton was Chief Operating Officer for the managed services company Datapipe, supporting customers globally in over 20 data centers and across private and public cloud solutions. Datapipe was acquired by Rackspace, where Newton served as GM and SVP of Service Delivery. Newton has also held key leadership roles with Dell and Perot Systems.
“I am very excited to join CDS and its incredible leadership team,” said Dan Newton, CEO of CDS. “In addition to CDS’ impressive mix of enterprise-level data center system expertise, support, and global delivery capabilities, they have fostered industry-leading partnerships that drive value for customers. As the TPM market grows in value, we have a unique opportunity to deliver world-class service to global customers and to push the envelope with new, differentiated services.”
ON Partners and partner Matt Mooney are proud to have partnered with CDS and Dan Newton on this successful placement.
CDS is a market-leading provider of mission-critical data center hardware maintenance and support for high-end storage and service equipment. CDS offers post-warranty support services primarily through OEMs and Channel Partners, servicing a diversified customer base throughout the U.S., U.K., Canada, Germany and Australia. The company’s maintenance and support services are designed to extend the useful life of its clients’ hardware, further increasing return on investment for these systems. CDS employs highly skilled, industry-certified engineers and dedicated account managers and partners globally. The Company currently services 150+ clients and works with 75+ channel partners that also operate as clients with significant IT infrastructure, diverse maintenance needs and cost containment requirements. https://www.cds.net/
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